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Credit Life - Mortgages

CREDIT LIFE INSURANCE BENEFITS AND FEATURES

  • Save money! Single premium: $.78 per $1000. Joint premium: $1.30 per $1,000
  • You're covered! Available on personal loans
  • Personal loan insurance premium is included in regular payment
  • No physical examination required and no pre-existing health exclusion
  • Underwritten by CUMIS Insurance Company
  • Maximum coverage $75,000

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CREDIT LIFE INSURANCE BENEFITS AND FEATURES

  • Save money! Single 0.58 / 1000 and joint 0.91 / 1000 on authorized Lines of Credit under $50,000. In the case of authorized limits over $50,000, rates are age banded and grouped in categories of smoker and non-smoker.
  • You're covered! Available on lines of credit
  • Monthly premium payments only charged on amount used, not the total authorized amount; debited to LOC on the 30th of each month
  • No physical examination required
  • Underwritten by CUMIS Insurance Company
  • Maximum coverage $500,000 to age 70

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Life Insurance Mortgages - Because Meeting Your Obligations Matters

Your home is a big investment. So it's nice to know your financial obligations can be met in case anything happens. For pennies a day (that can be incorporated into your mortgage payment) you and your family can have total peace of mind.

Quoted at time of application.

CREDIT LIFE INSURANCE BENEFITS AND FEATURES

  • In the event of death, the outstanding balance of the insured mortgage at the date of death, plus up to 6 months accrued interest, plus 90 day settlement interest is paid
  • Underwritten by CUMIS Life Insurance Company, an established insurance company
  • Joint coverage available 
  • Insurable maximum is $500,000 
  • Premiums adjusted downward when additional payments of $5,000 or more have been paid against your mortgage, saving you money as you pay off your mortgage
  • Interim coverage available - immediate coverage to offset contractual liability with vendor
  • No underwriting - on site issuance under $250,000 and in good health - saves you time and money
  • Protect your family and assets - buy Group Mortgage Insurance when you set up your mortgage
  • Critical Illness coverage, a living benefit that will pay out the mortgage upon diagnosis of life threatening cancer, stroke or heart attack, is available
  • Accident & Sickness and Loss of Employment Insurance available


 
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